Loan Receivable and Allowance for Loan and Lease Losses (Tables)

6 Months Ended

Sep. 30, 2014

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN AND LEASE LOSSES [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The following is a summary of loans receivable, net of allowance for loan losses, and loans held-for-sale at September 30, 2014 and March 31, 2014:

	September 30, 2014					March 31, 2014
$ in thousands	Amount			Percent		Amount			Percent
Gross loans receivable:
One-to-four family	$	117,915		29	%	$	111,220		29	%
Multifamily	53,147			13	%	47,399			12	%
Commercial real estate	191,841			47	%	198,808			51	%
Construction	5,105			1	%	5,100			1	%
Business	41,347			10	%	27,149			7	%
Consumer (1)	353			—	%	138			—	%
Total loans receivable	$	409,708		100	%	$	389,814		100	%
Add:
Premium on loans	1,206					957
Less:
Deferred fees and loan discounts,net	(479		)			(815		)
Allowance for loan losses	(6,597		)			(7,233		)
Total loans receivable, net	$	403,838				$	382,723

⁽¹⁾ Includes personal loans

Allowance for Credit Losses on Financing Receivables [Table Text Block]

The following is an analysis of the allowance for loan losses based upon the method of evaluating loan impairment for the three and six month periods ended September 30, 2014 and 2013, and the fiscal year ended March 31, 2014.

Three months ended September 30, 2014
$ in thousands	One-to-four family			Multifamily			Commercial Real Estate		Construction		Business			Consumer		Total
Allowance for loan losses:
Beginning Balance	$	3,923		$	336		$	813	$	201	$	1,780		$	13	$	7,066
Charge-offs	—			—			—		—		—			—		—
Recoveries	25			74			53		—		90			2		244
Provision for (Recovery of) Loan Losses	(647		)	(38		)	288		13		(335		)	6		(713		)
Ending Balance	$	3,301		$	372		$	1,154	$	214	$	1,535		$	21	$	6,597

Six months ended September 30, 2014
$ in thousands	One-to-four family			Multifamily			Commercial Real Estate			Construction		Business			Consumer		Total
Allowance for loan losses:
Beginning Balance	$	3,377		$	308		$	1,835		$	—	$	1,705		$	8	$	7,233
Charge-offs	83			—			—			—		—			—		83
Recoveries	379			82			254			—		223			3		941
Provision for (Recovery of) Loan Losses	(372		)	(18		)	(935		)	214		(393		)	10		(1,494		)
Ending Balance	$	3,301		$	372		$	1,154		$	214	$	1,535		$	21	$	6,597
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	2,110			201			1,149			214		916			20		4,610
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	1,191			171			5			—		619			1		1,987
Loan Receivables Ending Balance	$	119,142		$	54,098		$	190,573		$	5,075	$	41,194		$	353	$	410,435
Ending Balance: collectively evaluated for impairment	112,350			52,606			186,324			5,075		36,721			343		393,419
Ending Balance: individually evaluated for impairment	6,792			1,492			4,249			—		4,473			10		17,016

Fiscal year ended March 31, 2014
$ in thousands	One-to-four family		Multifamily			Commercial Real Estate			Construction			Business			Consumer			Total
Allowance for loan losses:
Beginning Balance	$	3,496	$	408		$	3,298		$	—		$	3,759		$	28		$	10,989
Charge-offs	2,887		98			574			—			966			15			4,540
Recoveries	534		31			—			149			486			10			1,210
Provision for (Recovery of) Loan Losses	2,234		(33		)	(889		)	(149		)	(1,574		)	(15		)	(426		)
Ending Balance	$	3,377	$	308		$	1,835		$	—		$	1,705		$	8		$	7,233
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	2,857		216			1,580			—			941			8			5,602
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	520		92			255			—			764			—			1,631
Loan Receivables Ending Balance:	$	112,191	$	47,525		$	198,101		$	5,070		$	26,931		$	138		389,956
Ending Balance: collectively evaluated for impairment	105,719		45,285			189,317			5,070			21,926			137			367,454
Ending Balance: individually evaluated for impairment	6,472		2,240			8,784			—			5,005			1			22,502

Three months ended September 30, 2013
$ in thousands	One-to-four family		Multifamily		Commercial Real Estate			Construction		Business			Consumer		Unallocated		Total
Allowance for loan losses:
Beginning Balance	$	4,295	$	245	$	2,991		$	167	$	2,603		$	16	$	—	$	10,317
Charge-offs	1,002		—		—			—		—			—		—		1,002
Recoveries	502		6		—			—		72			9		—		589
Provision for (Recovery of) Loan Losses	428		143		(103		)	43		(1,073		)	4		53		(505		)
Ending Balance	$	4,223	$	394	$	2,888		$	210	$	1,602		$	29	$	53	$	9,399

Six months ended September 30, 2013
$ in thousands	One-to-four family		Multifamily			Commercial Real Estate		Construction		Business			Consumer		Unallocated		Total
Allowance for loan losses:
Beginning Balance	$	3,496	$	408		$	3,298	$	—	$	3,759		$	28	$	—	$	10,989
Charge-offs	1,619		—			512		—		393			15		—		2,539
Recoveries	502		16			—		—		96			9		—		623
Provision for (Recovery of) Loan Losses	1,844		(30		)	102		210		(1,860		)	7		53		326
Ending Balance	$	4,223	$	394		$	2,888	$	210	$	1,602		$	29	$	53	$	9,399
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	3,556		394			2,659		210		1,147			29		53		8,048
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	667		—			229		—		455			—		—		1,351
Loan Receivables Ending Balance:	$	121,448	$	54,368		$	188,124	$	5,142	$	29,731		$	228	$	—	$	399,041
Ending Balance: collectively evaluated for impairment	115,362		52,994			176,456		5,067		25,146			228		—		375,253
Ending Balance: individually evaluated for impairment	6,086		1,374			11,668		75		4,585			—		—		23,788

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

The following is a summary of nonaccrual loans at September 30, 2014 and March 31, 2014.

$ in thousands	September 30, 2014		March 31, 2014
Gross loans receivable:
One-to-four family	$	2,636	$	2,301
Multifamily	1,054		2,240
Commercial real estate	2,991		7,024
Business	1,395		993
Consumer	10		1
Total nonaccrual loans	$	8,086	$	12,559

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]

As of September 30, 2014, the risk category by class of loans is as follows:

$ in thousands	Multifamily		Commercial Real Estate		Construction		Business
Credit Risk Profile by Internally Assigned Grade:
Pass	$	52,606	$	183,916	$	5,075	$	35,055
Special Mention	—		2,118		—		942
Substandard	1,492		4,539		—		5,197
Doubtful	—		—		—		—
Loss	—		—		—		—
Total	$	54,098	$	190,573	$	5,075	$	41,194
					One-to-four family		Consumer
Credit Risk Profile Based on Payment Activity:
Performing					$	116,506	$	343
Non-Performing					2,636		10
Total					$	119,142	$	353

As of March 31, 2014, and based on the most recent analysis performed, the risk category by class of loans is as follows:

$ in thousands	Multifamily		Commercial Real Estate		Construction		Business
Credit Risk Profile by Internally Assigned Grade:
Pass	$	46,028	$	184,850	$	5,070	$	20,638
Special Mention	—		7,129		—		1,295
Substandard	1,497		6,122		—		4,998
Doubtful	—		—		—		—
Loss	—		—		—		—
Total	$	47,525	$	198,101	$	5,070	$	26,931
					One-to-four family		Consumer
Credit Risk Profile Based on Payment Activity:
Performing					$	109,890	$	137
Non-Performing					2,301		1
Total					$	112,191	$	138

Past Due Financing Receivables [Table Text Block]

The following table presents an aging analysis of the recorded investment of past due financing receivable as of September 30, 2014 and March 31, 2014.

September 30, 2014
$ in thousands	30-59 Days Past Due		60-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total Financing Receivables
One-to-four family	$	387	$	218	$	2,545	$	3,150	$	115,992	$	119,142
Multifamily	—		—		1,054		1,054		53,044		54,098
Commercial real estate	767		1,357		377		2,501		188,072		190,573
Construction	—		—		—		—		5,075		5,075
Business	—		45		562		607		40,587		41,194
Consumer	6		1		11		18		335		353
Total	$	1,160	$	1,621	$	4,549	$	7,330	$	403,105	$	410,435

March 31, 2014
$ in thousands	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables
One-to-four family	$	244	$	888	$	1,863	$	2,995	$	109,196	112,191
Multifamily	444		—		2,240		2,684		44,841		47,525
Commercial real estate	3,133		292		3,891		7,316		190,785		198,101
Construction	—		—		—		—		5,070		5,070
Business	—		131		993		1,124		25,807		26,931
Consumer	2		2		1		5		133		138
Total	$	3,823	$	1,313	$	8,988	$	14,124	$	375,832	$	389,956

Impaired Financing Receivables [Table Text Block]

The following table presents information on impaired loans with the associated allowance amount, if applicable, at September 30, 2014 and March 31, 2014.

	At September 30, 2014						At March 31, 2014
$ in thousands	Recorded Investment		Unpaid Principal Balance		Associated Allowance		Recorded Investment		Unpaid Principal Balance		Associated Allowance
With no specific allowance recorded:
One-to-four family	$	727	$	978	$	—	$	639	$	893	—
Multifamily	157		157		—		—		—		—
Commercial real estate	3,307		3,480		—		3,972		4,147		—
Construction	—		—		—		—		—		—
Business	944		944		—		341		402		—
Consumer	—		—		—		1		1		—
With an allowance recorded:
One-to-four family	6,065		6,193		1,191		5,833		5,958		520
Multifamily	1,335		1,434		171		2,240		2,240		92
Commercial real estate	942		942		5		4,812		5,023		255
Business	3,529		3,712		619		4,664		4,664		764
Consumer and other	10		10		1		—		—		—
Total	$	17,016	$	17,850	$	1,987	$	22,502	$	23,328	$	1,631

The following tables presents information on average balances on impaired loans and the interest income recognized for the three and six month period ended September 30, 2014 and 2013.

	For the Three Months Ended September 30,								For the Six Months Ended September 30,
	2014				2013				2014				2013
$ in thousands	Average Balance		Interest Income Recognized		Average Balance		Interest Income Recognized		Average Balance		Interest Income Recognized		Average Balance		Interest Income Recognized
With no specific allowance recorded:
One-to-four family	728		$	2	911		—		$	797	$	9	$	1,376	$	1
Multifamily	157		—		1,374		1		128		—		995		1
Commercial real estate	3,311		53		8,880		8		3,776		114		8,703		62
Construction	—		—		487		—		—		—		519		—
Business	954		14		1,745		—		1,198		78		1,689		7
Consumer and other	—		—		—		—		—		—		—		—
With an allowance recorded:
One-to-four family	6,068		$	56	5,173		3		6,010		87		5,200		40
Multifamily	1,339		6		—		—		1,338		15		—		—
Commercial real estate	948		19		3,046		—		523		39		3,802		5
Business	3,537		23		2,860		—		—		78		—		—
Consumer and other	11		—				—		3,446		—		3,700		36
Total	$	17,053	$	173	$	24,476	$	12	$	17,216	$	420	$	25,984	$	152

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

There were no TDR modifications made during the three month period ended September 30, 2013. The following table presents an analysis of those loan modifications that were classified as TDRs during the six month period ended September 30, 2013:

	Modifications to loans during the six month period ended September 30, 2013
$ in thousands	Number of loans	Pre-modification outstanding recorded investment		Post- modification recorded investment		Pre-Modification rate		Post-Modification rate
One-to-four family	1	$	484	$	549	7.50	%	5.50	%
Business	1	919		719		6.00	%	6.00	%
Total	2	$	1,403	$	1,268